INCOME TAX7 Sept 2026
Tax audit deadline 2026: Who must file the report by Sept 30 and when is the last date to file ITR for such taxpayers | Mint
If your business or professional income crosses the audit threshold, your tax audit report is due September 30, 2026, and your income tax return (ITR) by October 31, 2026. Audit applies when business profits exceed ₹1 crore, or ₹10 crore if cash dealings are under 5%, and for professionals with gross receipts above ₹50 lakh. Missing the deadline can cost a penalty.
Key Statutory Highlights
- The tax audit report deadline for applicable taxpayers is September 30, 2026.
- Businesses generally need an audit when profits exceed ₹1 crore, or ₹10 crore with minimal cash transactions.
- Professionals must get an audit if gross receipts cross ₹50 lakh.
Actionable Advice for Taxpayers / Founders:Check if your income crosses these thresholds and ensure your chartered accountant files the audit report before September 30 to avoid penalty.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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